HD Supply (HDS) Issues Q1 Earnings Guidance

HD Supply (NASDAQ:HDS) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.60-0.66 for the period, compared to the Thomson Reuters consensus estimate of $0.61. The company issued revenue guidance of $1.325-1.375 billion, compared to the consensus revenue estimate of $1.32 billion.HD Supply also updated its FY19 guidance to $2.99-3.21 EPS.

Shares of HD Supply (HDS) opened at $36.87 on Tuesday. HD Supply has a one year low of $28.97 and a one year high of $42.80. The company has a quick ratio of 1.80, a current ratio of 2.80 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $6,983.36, a price-to-earnings ratio of 6.93, a PEG ratio of 0.66 and a beta of 1.31.

HD Supply (NASDAQ:HDS) last issued its quarterly earnings data on Tuesday, March 13th. The industrial products company reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.05. HD Supply had a return on equity of 41.89% and a net margin of 16.55%. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the previous year, the firm posted $0.44 earnings per share. The company’s revenue was up 9.0% on a year-over-year basis. sell-side analysts predict that HD Supply will post 2.27 EPS for the current fiscal year.

HDS has been the subject of a number of research reports. BidaskClub raised HD Supply from a hold rating to a buy rating in a research note on Thursday, December 7th. Zacks Investment Research raised HD Supply from a hold rating to a buy rating and set a $43.00 price objective for the company in a research note on Thursday, December 7th. ValuEngine raised HD Supply from a hold rating to a buy rating in a research note on Tuesday, December 5th. SunTrust Banks reaffirmed a hold rating and issued a $42.00 price objective on shares of HD Supply in a research note on Thursday, December 7th. Finally, Barclays initiated coverage on HD Supply in a research note on Thursday, February 15th. They issued an overweight rating and a $44.00 price objective for the company. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $39.21.

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HD Supply Company Profile

HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, Construction & Industrial-White Cap, and Corporate. As of January 29, 2017, the Company operated through approximately 500 locations across 48 states in the United States and six Canadian provinces.

Earnings History and Estimates for HD Supply (NASDAQ:HDS)

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